Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.95
zSpace, Inc. incurred term loan of $1,000,000 each for an aggregate total of $2,000,000 with Itria Ventures LLC at 18.00% per year and 18.99% per year maturing 15-month anniversary and 18-month anniversary of the funding date.
- Instrument
- term loan
- Principal
- $1,000,000 each for an aggregate total of $2,000,000
- Counterparty
- Itria Ventures LLC
- Rate
- 18.00% per year and 18.99% per year
- Maturity
- 15-month anniversary and 18-month anniversary of the funding date
- Event
- incurrence
Exact text from the filing
On August 20, 2025, zSpace, Inc. (the “Company”) entered into two Loan and Security Agreements the (“Loan Agreements”) with Itria Ventures LLC (the “Lender”). Pursuant to the Loan Agreements, the Lender agreed to provide the Company with two term loans in the principal amounts of $1,000,000 each (the “Loans”) for an aggregate total of $2,000,000 (less fees payable to the Lender). One of the Loans bears interest at a rate of 18.00% per year and is payable on a monthly basis in 15 equal installments, maturing on the 15-month anniversary of the funding date. The second Loan bears interest at a rate of 18.99% per year and is payable on a monthly basis in 18 equal installments, maturing on the 18-month anniversary of the funding date.
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